IMF seeks 'immediate' stabilization in latest Ukraine bailout

March 12, 2015 12:25 AM

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WASHINGTON (Reuters) - The International Monetary Fund has agreed to pump $10 billion into Ukraine's troubled economy over the next year, providing swift assistance for the country's struggling finances as part of a larger four-year bailout.

The IMF board on Wednesday approved a loan of $17.5 billion, with the bulk of the money heading out the door fast: $5 billion likely by the end of this week and another $5 billion in coming months, IMF officials said.